₦airaland Forum

How does this Money Market work on Investone?

Good afternoon.

Trust we are keeping safe. My office has a little something for individuals during this lockdown, which I will like to share, if your offices or if you can help with a fixed deposit of 200m or more for a minimum of 90days. You get 1% from the bank, it is called finder's fee paid into your account. Please holla if interested in making money during this lockdown.

A fixed deposit of N200m @12% for 90 days generates N5,326,027.40 as interest.

Above is legit. A microfinance bank, though not the regular type because its a big company with different portfolios.

Personally, I have been fixing with them and I can say, they are tested and trusted.

NB: Other amounts can be fixed.....it must not be N200M

The microfinance bank that I will entrust my money as much as N500,000 for 90 days is yet to open let alone that huge sum. Maybe because you are online, you may get a customer not related to you offline so if they (The Microfinance Bank) refuse to open shop tomorrow as it is their trade mark you will sleep with eyes closed.

freeman67:
The microfinance bank that I will entrust my money as much as N500,000 for 90 days is yet to open let alone that huge sum. Maybe because you are online, you may get a customer not related to you offline so if they (The Microfinance Bank) refuse to open shop tomorrow as it is their trade mark you will sleep with eyes closed.

Have you had any experience with them? You can share so people can learn from you.

But, it will interest you to know that, Microfinance banks have been reformed.

NB: They are not my employer. I only invest. The fall of TB rate opened my eyes to that opportunity.

Thank you boss

kintus:
Have you had any experience with them? You can share so people can learn from you.

But, it will interest you to know that, Microfinance banks have been reformed.

NB: They are not my employer. I only invest. The fall of TB rate opened my eyes to that opportunity.

Thank you boss

Ok if they are not your employer then you need to just thread with caution. I was almost falling for them in the beginning when I wanted to start investing. However, research and experiences shared with me reformatted my brain.

The number of microfinance banks that closes at will should be a guide for you. With them convincing you to part with your money by promising bogus interested is a very easy thing. Issues comes up most times when you are to get back your money.

kintus:
Have you had any experience with them? You can share so people can learn from you.

But, it will interest you to know that, Microfinance banks have been reformed.

NB: They are not my employer. I only invest. The fall of TB rate opened my eyes to that opportunity.

Thank you boss

Ain’t no risk without reward. However, never use the funds earmarked for your Risk free Investments for any risky investment.
Investing with a microfinance bank is very risky.

talk2tonie:
Ain’t no risk without reward. However, never use the funds earmarked for your Risk free Investments for any risky investment.
Investing with a microfinance bank is very risky.

On this thread we are repeatedly told: Before you think of gain, returns or interest THINK THE SAFTY OF YOUR FUND/CAPITAL. However, if you are comfortable with the risk involved in any investment after your due diligence, you can always go for it.

emmasoft:
On this thread we are repeatedly told: Before you think of gain, returns or interest THINK THE SAFTY OF YOUR FUND/CAPITAL. However, if you are comfortable with the risk involved in any investment after your due diligence, you can always go for it.

Absolutely.

freeman67:
Ok if they are not your employer then you need to just thread with caution. I was almost falling for them in the beginning when I wanted to start investing. However, research and experiences shared with me reformatted my brain.

The number of microfinance banks that closes at will should be a guide for you. With them convincing you to part with your money by promising bogus interested is a very easy thing. Issues comes up most times when you are to get back your money.

I quite understand you.

Let me share my story:

I had the privilege of consulting and getting some advise about investing with microfinance banks before I started investing with them. And I can comfortably tell you that, the experience so far is a bit different from what I was told (especially stories relating to what you shared above). Probably because of the choice of microfinance bank I chose to invest with after a rigorous due diligence.

On the aspect of fund withdrawal, I don't think your claim is right. Besides, you confirmed not to have invested with them before!!! Wondering how and where you got the information.


Finally, no investment is risk free but we can always reduce our exposure to this risks.

Thank you.

Does any one have any experience with stanbic guaranteed investment fund and equity fund

Hi. Please can you give me pointers on how to redeem the union trustees mixed fund investment? I've tried getting in touch with Capital Express Asset and Trust to no avail (I was directed to them by United Trustees)

emmasoft:
To start with, please note: if you invest in any mutual fund you did not actually invest in the funds manager’s firm.
e.g if you invest in Abacus money market fund, you did not invest in Investment One as a firm but rather it’s a collective fund (Abacus with the underlying assets- Tbills. You invested in
To be sure your funds are safe, we have the custodian which usually is a MDB to hold the funds
Then Trustees who make sure the fund managers sticks to the investment objectives and they always form part of the signatory to the funds account, hence you have FBN MMF/INVESTMENT ONE FINACIAL SERVICES for fbnquest mmf, United capital Trustees/Abacus money market funds for Abacus money market fund etc.
We have the regulators the almighty SEC to take care of compliancy and other government policies in that regard, plus others - Registrars (record keepers of unit holders), Auditors
So, if the fund managers goes down which is very rare, your funds is with the custodian and the Trustees is there to do the needful.
What the fund manager does is giving financial service which you pay for and to give financial advice for you to get best returns for your money following the objectives of the type of fund in question.
An example is the Union trustees mixed funds. There seems to be issues with the fund management since 2014. But the fund is intact cos the underlying assets are there. It’s just of recent a new fund manager is picking them up and they are starting where others stop. In fact I posted the notice of their AGM for year 2014 till 2019 on this thread recently.
The same thing with equities you buy on the NSE, if the stockbroking firm going down it has nothing to do with your equities they are safe with the cscs as the depository. All you need do is to go to another firm if your current firm goes down and you are good to go, your stocks are intact. You will notice even if your firm goes down you will still get dividends paid to your account indicating you are still a shareholder of the company you invested in.
However, if you invest in a mutual fund which is equity based, the risk is higher. You can actually lose your money. Capital, Interest or returns are not guaranteed in that case. If you notice currently most of equity-based funds are having negative yields because the stock market is down.
Also if you invest in a particular company listed or unlisted as a an investor, if the company goes under your money goes under as a shareholder, that is the risk involved. For example, just as there is nothing like Bank PHB, skye bank or Afribank so also the investors have lost all their money.
In conclusion, if you made investment in a company and the company goes down your money goes down with it as a shareholder in that company
But if you made investment through a company (Fund manager or stockbroking firm) your investment is safe even if the company goes down. I hope this help.

michaelogunleye:
Does any one have any experience with stanbic guaranteed investment fund and equity fund

Yep, I do a little of GIF.

Please what's your experience been like any withdrawal issues, is the appreciation annually or quarterly like mmf

freeman67:
Yep, I do a little of GIF.

freeman67:
Ok if they are not your employer then you need to just thread with caution. I was almost falling for them in the beginning when I wanted to start investing. However, research and experiences shared with me reformatted my brain.

The number of microfinance banks that closes at will should be a guide for you. With them convincing you to part with your money by promising bogus interested is a very easy thing. Issues comes up most times when you are to get back your money.

And you believe this?

I'm a newbie investor.
Question... If I invest in mutual funds is my capital safe just like tbills?

Satoshi2019:
I'm a newbie investor.
Question... If I invest in mutual funds is my capital safe just like tbills?

not it all mutual funds

Satoshi2019:
I'm a newbie investor.
Question... If I invest in mutual funds is my capital safe just like tbills?

If the mutual fund is money market, fixed income or Guaranteed income, your capital is safe and guaranteed but if it's equity or balance mutual fund it's not. Check my signature for my contact and link to open mutual fund account with investment one.

wengerthaboss:
Hi. Please can you give me pointers on how to redeem the union trustees mixed fund investment? I've tried getting in touch with Capital Express Asset and Trust to no avail (I was directed to them by United Trustees)

Capital Express contact: Plot 1626C-E, Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos
01-4540089
The AGM of the fund is tomorrow via zoom. I am sure after the meeting you will have more information.

What is the current rate of GIF with Investment One compare with Stanbic, do you guys have bond mutual funds as well and what is the rate.

With on investment cap of #500k for 6months/1year, which with possibility of reinvestment, which would you advice.

Thank you.

emmasoft:
If the mutual fund is money market, fixed income or Guaranteed income, your capital is safe and guaranteed but if it's equity or balance mutual fund it's not. Check my signature for my contact and link to open mutual fund account with investment one.

ernie4life:
What is a Mutual Fund?
A mutual fund can be defined is an entity that pools cash from a variety of investors for the sole purposeof investing the cash in shares, bonds, treasury bills etc (all together called a portfolio of investments). The profit derived from the diversified pool of investments are shared to investors in the funds annually or semi annually or as stipulated in the fund prospectus.

Who Operates a Mutual Fund?
Mutual Funds are operated by professional investment firms made up of people who are savvy with the money and capital market. Mutual Fund, like in Nigeria can be operated by the Investment arm of banks, stock brokerage firms, investment banks etc.

How is it different from a stockbroking firm?
A stockbroking firm is simply a company that onyour behalfand instruction uses its license to buy and/or sell shares on the stock market. With a stockbrokerage firm you give them an instruction to buy or sell shares of your choice. You also keep tabs of the performance of your stocks on a daily basis and monitor its performance independently. For a Mutual Fund however, they determine which Investment decisions to make rather than you givinginstruction as to what shares should be bought for you or which you intend to sell. The shares you buy with the Mutual Fund is that of the fund and not that of the companies quoted on the stock exchange or indeed any quoted investments.

Do they only invest in stocks?
Off course not. Mutual Funds mainly invest in broad and diversified pool of investments. However these can be grouped into two;
A –  Money Market
B – Capital Markets
Money Market-
 Example of Money Market  instruments are Treasury Bills, Certificate of Deposits, Commercial Paper etc. These instruments are mostly debt note with a promise to pay a stipulated interest rates and the principal at a predetermined date.
Capital Markets
– Capital Markets are markets where Bonds, Stocks (Shares) are traded on a daily basis. So, a Mutual Fund can also use your money to invest in stocks and bonds. For example, when they invest in shares they hope that the value will appreciate thus increase the value of their fund or making them a nice profit when they sell the shares.But please note, most mutual funds usually outline the type of investments they hope to invest your money in. This can be found in their prospectus.

Do All Mutual Funds invest in the same categories of funds?
There are mainly 3 categories of funds they typically invest in. Fixed Income Funds – These are funds that are meant mostly to invest in fixed income securities. Fixed Income Securities are investments that pay a fixed return on an investment. For example, treasurybills offered by the Government are issued at a coupon (rate) of say 10%pa. Meaning, they pay an interest of 10% on any amount invested. Mutual Funds that are Fixed Income Related look out for safe investments that can guarantee a good incomestream. They mostly suited for investors with a long term view towards returns. Fixed Income Funds are safe investments as it mostly involves securities in government securities. Due to the nature of government securities their returns are typically low.II. Equity Funds – These are Mutual Funds that invest mostly in stocks and shares of companies are quoted. Some funds can also use fund assets tosubscribe shares for private placements. Equity Funds offer high returns but are associated with high risk.III. Mixed Income Funds – Mixed Income funds are a hybrid of Equity Funds and Fixed Income Funds. Because of their diversified nature, they often offer low risk for investors. Low risk as usual is associated with low returns.

Why Should I even Invest in them?
Mutual Funds afford people who do not have the time to invest in the money and capital market or do not know much about the business of buying and selling securities an opportunity to invest and make money. It also gives them an opportunity to save for the futre. By investing in mutual funds you have an opportunity of investing in a portfolio of heterogeneous instruments rather than having your money in just one basket. For example, your N100k investment in a single mutual fund can represent aninvestment in bonds, stocks, treasury bills etc.

How Much Can I Give them?
Mutual Funds typically have an investment band depending on the nature of the fund. Some can be as low as a minimum of N5,000, whilst some can be N100,000 and others N1,000,000.

Is it Profitable?
Like a every other business Mutual Funds are also exposed to the same risk and rewards that can determine whether they make or loose money. But since no business originally sets out to loose moneythey will often tell you that they are profitable. However, you can know how profitable a mutual fund is or can be if the fund owners already have a history. Most of the managers already have experience in running funds and so must have track records of their performance in the past. It is also important that you look at what type of returns they intend to offer to their investors.

What kind of returns can I expect?
This depends on the your risk appetite. For example,if you have N100k and think you can invest it in any business of your choice and get a profit of N20%, then investing in a mutual fund that promises 14% returns may not be a good idea for you. The return a mutual fund promises you should also be comparedto returns one can get on risk free investments suchas treasury bills etc. For example, if a Mutual Fund promises a minimum return of 12%pa and Government Pays interest of 14% on Treasury Bills, then investing yourself may just be a better idea. In general mutual funds will typically offer minimum returns that are benchmarked above inflation rates.

Are my returns tax free?
It depends on the mutual funds you are investing, some are tax free while others are not. Do before investing on mutual funds find out if it tax free or not and compare the benchmark rate the are giving you with the tax.

What are open and closed mutual funds?
Open Ended Mutual Fundsare funds that are open to continuous issuance of shares to investors. Operators of the fund continue to issue shares to the public to buy into the fund. Investors in the fund who do not wish to participate any further will simply resell their shares to the fund at the subsisting Net Asset Value. They can also reinvest in the funds whenever they want. Some Open Ended Funds also mandate you to keep your money with them for a specified period of time before you can sell or request for your money back. Open Funds arevery common.
Closed Ended fundson the other hand are funds that have limited number of shares that are sold at the initial public offering (IPO). Once the IPO is over, the fund closes sale of its shares to the public. Being a regulated fund, the shares are traded on the stock exchange like the shares of any quoted company. So, if an Investor decides he want his money back he will simply put up his shares for sale. The share price of a closed fund are determined by both the Value of the Portfolio as wellas the sentiments of investors towards demand andsupply. This is unlike the Open Funds that are determined by simply dividing the value of the portfolio by the number of shares issues by the fund.

Which is best for me?
This is a matter of personal choice and risk appetite. Closed Ended Funds are regulated by the Securities and Exchange Commission as well as theNSE. They play by the rules set by the regulatory authorities. Their share price are also published daily on the pages of Newspapers and can also be found on the internet. Open Funds are mostly unregulated and are not traded on the floor of the stock exchange. They are mostly floated by reputable organisations with a track record for performance.

What is in it for the fund managers?
Fund Managers are in it for the fees they charge you for helping you invest your money. They sometimes charge you fees upfront when you invest and also charge you a fee when they make a profit on your investment. Remember, profits are declared after deducting from revenue, cost of investments, statutory expenses, taxes, etc. Managers can charge fees ranging from 2%

how do I benefits from this

michaelogunleye:
Please what's your experience been like any withdrawal issues, is the appreciation annually or quarterly like mmf

SIMMF appreciate daily, the Interest of Saturday and Sunday is credited on Monday. GIF fluctuates though it does the principal can not feminist like balanced fund on bad days. The withdrawal process is same with SIMMF very stress-free.

adekzy:
What is the current rate of GIF with Investment One compare with Stanbic, do you guys have bond mutual funds as well and what is the rate.

With on investment cap of #500k for 6months/1year, which with possibility of reinvestment, which would you advice.

Thank you.

I will advice you go for VGIF currently the rate is 8.5% guaranteed. You also will get additional 35% of the excess profit of the fund. Which makes it about 11% in all.

emmasoft:
I will advice you go for VGIF currently the rate is 8.5% guaranteed. You also will get additional 35% of the excess profit of the fund. Which makes it about 11% in all.

What is VGIF biko?

IyawoToBe:
What is VGIF biko?

VGIF - Vantage Gurranteed income fund. It's a type of mutual fund in d fixed income category. The rate is not daily valued like mmf. The rate is benchmark with SDF- standard deposit facility which is currently 8.5% and has been so since last year. The investor's capital n interest are guaranteed. To open account click d link on my signature. You don't need cash to open account. My contact is on the signature too. Check also the facts of the fund for first quarter 2020 attached to this post.

Pls can i get the current rate of stanbic mmf.

habayommy:
I can login using the app.

How did you get login details? I opened this mutual fund recently but I got no login details.

OgogoroFreak:
How did you get login details? I opened this mutual fund recently but I got no login details.

I had no delay in getting the login details. Did you indicate you want access to your online account while registering?
After 2 or 3 days, my login details was sent to me via mail.

Good Morning All.

In a bid to serve you better, we have upgraded the access to your investment with us. Now, you can access Abacus Money Market Fund on Ziing. No paper forms, confirmation calls or delays.
Ziing is an app powered by Investment One Financial Services designed to ease savings, investing, making payments and accessing other financial services.

What’s Special?
Instant Subscriptions: Subscribe and receive value on the go. No delays.
Instant Redemptions: Yes. You can now withdraw funds from your Abacus Money Market Fund directly to your zSave or bank account in less than 60 seconds.
Real Time Monitoring: You can monitor your investments and interest growth in real time. Soon, you’ll be able to see your interest breakdown and request for statements which will be directly sent to your email.
Next Steps?
If you’re already using Ziing, kindly update your app.
If No, you can download the app for Android or iOS by clicking the hyperlink below.

https://api.ziingit.com/online/register/7914305175

Signup as an Existing User with your Customer Number
That’s all, you will be able to transact on your Abacus account seamlessly.

Best Regards,

To open an Account with investment One kindly click on the link on my Signature.

Thank you for choosing Investment One Funds Management Limited

Dsticks47:
Good Morning All.


To open an Account with investment One kindly click on the link on my Signature.

Thank you for choosing Investment One Funds Management Limited

Finally, I-One builds an app that caters to redemption online.
Got tired of filling forms manually and submitting

Hello Everyone,

I have been trying to log in to FBN quest online to view my mutual fund investment for some days now, but I keep getting the error message that the site is not secure.

Is anyone else experiencing this?

Ezeanna:
Hello Everyone,

I have been trying to log in to FBN quest online to view my mutual fund investment for some days now, but I keep getting the error message that the site is not secure.

Is anyone else experiencing this?

App is working, Try that.

Hi, i transferred money from my stanbic acct to the stanbic mutual fund, unfortunately i didnt quote my acct no in the comment, please guys how do i get my money back,..